Housing Wire
JULY 26, 2024
Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. In a release, Payload said it created the solution in response to the terms of the National Association of Realtors’ nationwide commission lawsu it settlement agreement , and the potential changes to buyer agent compensation.
Real Estate News
JULY 24, 2024
A sequel to the industry-challenging assessment is expected in early 2025 and will focus on the future. “The time is now for the industry to transform itself.
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Keeping Current Matters
JULY 25, 2024
As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.
Inman
JULY 25, 2024
New reports from "The New York Times" and "The Wall Street Journal" suggest that executives at Douglas Elliman and Side had heard about sexual assault allegations made against the Alexander brothers while they worked for their firms.
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RIS Media
JULY 23, 2024
Interest rates may be seeing their first cut this fall, possibly even as soon as September, according to the National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun. Yun shared this prediction and more during NAR’s recent Residential Real Estate Forecast Summit for 2024. The biggest question looming on many in the industry’s minds is,… The post NAR’s Yun Predicts Interest Rate Cuts, With More to Come in 2025 appeared first on RISMedia.
Housing Wire
JULY 23, 2024
Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. Sales of existing homes in June fell 5.4% year over year and month over month to a seasonally adjusted rate of 3.89 million.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
JULY 23, 2024
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets.
Inman
JULY 24, 2024
Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020.
RIS Media
JULY 25, 2024
Evaluating multiple offers on your house can be overwhelming. While the price is crucial, other factors significantly impact the final decision. I have put significant effort into providing the best guidance on how to evaluate an offer to purchase in real estate sales: Key considerations beyond the offer price How financing terms affect the sale… The post How to Evaluate Multiple Offers on a House: What to Look for Beyond the Price appeared first on RISMedia.
Housing Wire
JULY 25, 2024
Mr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4 billion in cash, funded via available cash and drawdowns of existing MSR lines.
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Real Estate News
JULY 22, 2024
A letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.
Keeping Current Matters
JULY 24, 2024
If you’re in the market to buy a home, there’s some exciting news for you.
Inman
JULY 25, 2024
CMLS CEO Denee Evans revealed why she believes NAR will choose not to create new MLS rules over the next six to 12 months ahead of her appearance next week at Inman Connect Las Vegas.
HomeLight
JULY 26, 2024
Home staging is much more than just a real estate industry buzzword — it’s an essential strategy that can dramatically influence a buyer’s first impression, the sale price of a home, and how quickly it sells. HomeLight’s Summer 2023 Top Agent Insights Report estimates that professional staging can add an average of $8,300 to the resale value of a home.
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Housing Wire
JULY 23, 2024
Today’s existing home sales report shows that the existing home market is now almost balanced. That might sound strange, but like most things I do, I have a model for it. We are very close to getting this balance nationally and in some markets we’re already there. I have often discussed four months of supply and active inventory between 1.52 and 1.93 million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability.
Real Estate News
JULY 22, 2024
Former eXp Chief Growth Officer Michael Valdes will spearhead the international expansion of LPT Realty, which he says is perfecting the model eXp pioneered.
Keeping Current Matters
JULY 22, 2024
There’s an interesting trend happening in the housing market.
Inman
JULY 23, 2024
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin.
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HomeLight
JULY 26, 2024
A title company wears a lot of hats over the course of a home sale. Oftentimes, the title company involved must undertake extraordinary work to address title issues that can go back 50 years or more. Depending on the state, title companies also issue insurance, hold onto funds and paperwork in escrow, and serve as closing agents. Find an Agent to Help You Navigate the Paperwork Selling real estate is a complex task.
Housing Wire
JULY 24, 2024
While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It has definitely slowed,” said Cyndee Haydon , a Seminole-based agent for Future Home Realty. “Inventory has gone from a three-month supply a year ago to at least six months, so really we are into a buyers’ market now.
Real Estate News
JULY 25, 2024
Mortgage rates remained nearly flat as the market awaits the Fed’s next move. Meanwhile, inventory is still growing — but “sellers are pulling back.
RIS Media
JULY 24, 2024
In a court filing July 23, CoStar Group has asked a judge for an order for expedited discovery in its legal conflict with Move, Inc. Included in the filing is that James Kaminsky, the CoStar employee formerly employed by Move, who Move claims improperly accessed proprietary information to be used by CoStar, has been placed… The post Employee at Center of CoStar/Realtor.com Legal Conflict Put on Paid Leave appeared first on RISMedia.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
Inman
JULY 24, 2024
T3 Sixty plans to release "The Opportunity Report" as a follow up to its "DANGER Report" in early 2025. it says the new document will be comparable in its impactful earlier analysis of the industry.
HomeLight
JULY 25, 2024
The hundreds of checkboxes and data fields that make up a home appraisal report are enough to make anyone’s eyes glaze over. But together, all of the inputs determine the fate of your home sale, so get ready to put on your thinking cap and readers. “When I go on a listing appointment, if people seem like they’re being unrealistic about the list price, I bring up the appraisal,” said Al Urban , a top-selling agent in Kansas City, MO.
Housing Wire
JULY 25, 2024
Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers. This is according to a new report published by Matic , which aims to assess the impacts of these realities on a highly volatile home insurance market. “The combination of climate c
Real Estate News
JULY 22, 2024
The profit-share program, which made headlines last year after the company proposed changes, hit a new milestone with the multibillion-dollar figure.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Eye on Housing
JULY 25, 2024
In the second quarter of 2024, the U.S. economy grew twice as fast as it did in the first quarter, supported by consumer spending and private inventory investment. Furthermore, the data from the GDP report suggests that inflation is cooling. The GDP price index rose 2.3% for the second quarter, down from a 3.1% increase.
Inman
JULY 25, 2024
Discover essential insights for aspiring luxury real estate agents with Chris Pollinger of RE Luxe Leaders. Master market knowledge, build strong networks, leverage sophisticated marketing and provide exceptional client service to thrive in the high-stakes world of luxury real estate.
RIS Media
JULY 24, 2024
Despite the most recent drop in average mortgage rates, mortgage applications decreased this week, down 2.2% from last week’s 3.9% uptick, according to the latest Weekly Applications Survey from the Mortgage Bankers Association (MBA) for the week ending July 19, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume,… The post Despite Drop in Rates, Mortgage Applications Decreased This Week appeared first on RISMedia.
Housing Wire
JULY 24, 2024
RealReports , a proptech firm that offers an artificial intelligence-based platform for property data , announced a new partnership this week with the San Francisco Association of Realtors (SFAR) to provide access to its tool to an estimated 5,000 members in the Bay Area. RealReports said that its tool has the functionality to offer “extensive property data from over 40 top providers for every home in the U.S.,” and that the artificial intelligence (AI)-powered “copilot” that it calls “Aiden” ca
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